v3.3.0.814
SEGMENT INFORMATION
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
SEGMENT INFORMATION

18.

SEGMENT INFORMATION

As discussed in Note 3, as of September 30, 2015, the Company sold its aromatics business, including its cumene plant located in Pasadena, Texas, and subsequently ceased production at its Plaquemine Phenol Facility in October 2015, and plans to dismantle and shut-down that facility. As such, prospectively, we will manage our operating activities in two reportable segments: (i) chlorovinyls; and (ii) building products. These two segments reflect the organization used by our management to allocate resources and for internal reporting purposes. Our chlorovinyls segment produces a highly integrated chain of products, including chlor‑alkali and derivative products (chlorine, caustic soda, VCM, vinyl resins, ethylene dichloride (or 1, 2 dichloroethane) (“EDC”), chlorinated solvents, calcium hypochlorite, HCL and compound products (vinyl compounds, compound additives and plasticizers)). Our building products segment consists of two primary product groups: (i) window and door profiles and trim, mouldings and deck products; and (ii) outdoor building products, which includes siding, exterior accessories, pipe and pipe fittings.

Earnings of our segments exclude interest income and expense, unallocated corporate expenses and general plant services and provision for (benefit from) income taxes. Transactions between operating segments are valued at market based prices. The revenues generated by these transfers and reconciliations from consolidated operating income (loss) to consolidated income (loss) before income taxes for the three and nine month periods ended September 30, 2015 and 2014 are provided in the tables below.

 

(In millions)

 

Chlorovinyls

 

 

Building

Products

 

 

Eliminations, Unallocated and Other

 

 

Total

 

Three Months Ended September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

  $

626.4

 

 

  $

248.0

 

 

  $

-

 

 

  $

874.4

 

Intersegment revenues

 

 

60.0

 

 

 

-

 

 

 

(60.0

)

 

 

-

 

Total net sales

 

  $

686.4

 

 

 

248.0

 

 

 

(60.0

)

 

  $

874.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

  $

(812.1

)

 

 

20.2

 

 

 

(19.4

)

 

  $

(811.3

)

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(19.6

)

Foreign exchange loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.5

)

Loss from continuing operations

     before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

  $

(831.4

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

  $

769.4

 

 

  $

277.8

 

 

  $

-

 

 

  $

1,047.2

 

Intersegment revenues

 

 

75.4

 

 

 

-

 

 

 

(75.4

)

 

 

-

 

Total net sales

 

  $

844.8

 

 

 

277.8

 

 

 

(75.4

)

 

  $

1,047.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

  $

69.6

 

 

 

24.0

 

 

 

(21.4

)

 

  $

72.2

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(19.5

)

Foreign exchange loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.3

)

Income from continuing operatons

     before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

  $

52.4

 

 

(In millions)

 

Chlorovinyls

 

 

Building

Products

 

 

Eliminations, Unallocated and Other

 

 

Total

 

Nine Months Ended September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

  $

1,940.9

 

 

  $

664.8

 

 

  $

-

 

 

  $

2,605.7

 

Intersegment revenues

 

 

177.4

 

 

 

-

 

 

 

(177.4

)

 

 

-

 

Total net sales

 

  $

2,118.3

 

 

 

664.8

 

 

 

(177.4

)

 

  $

2,605.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

  $

(730.5

)

 

 

32.5

 

 

 

(55.5

)

 

  $

(753.5

)

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(57.9

)

Debt refinancing costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(3.2

)

Foreign exchange loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.0

)

Loss from continuing operations

     before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

  $

(815.6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

  $

2,229.5

 

 

  $

676.3

 

 

  $

-

 

 

  $

2,905.8

 

Intersegment revenues

 

 

195.1

 

 

 

-

 

 

 

(195.1

)

 

 

-

 

Total net sales

 

  $

2,424.6

 

 

 

676.3

 

 

 

(195.1

)

 

  $

2,905.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

  $

159.5

 

 

 

27.4

 

 

 

(53.8

)

 

  $

133.1

 

Interest expense, net

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(56.9

)

Foreign exchange loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.2

)

Income from continuing operatons

     before income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

  $

76.0